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Eavor Demobilizes Rigs in Geretsried: What It Means for Closed-Loop Geothermal Investors, Heat Markets, and Project Risk

Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026,  Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...

Vienna Drills First Geothermal Plant

Vienna's Leap Into Carbon-Neutral Energy: Inside the City's First Deep Geothermal Plant  

By: Robert Buluma

Image of the city of Aspen in a blink mid_winter

Vienna, a city famed for its historical landmarks and cultural elegance, is making headlines for something entirely different — the groundbreaking development of its first deep geothermal energy plant. Nestled in Aspern, within the city’s 22nd district, this ambitious project by OMV AG and Wien Energie GmbH is set to revolutionize how Vienna powers its homes, all while paving the way to a sustainable, carbon-neutral future.  

 The Heart of the Project: Drilling Deep for a Better Tomorrow  

This isn’t just another energy project; it’s a bold leap into the future. Drilling into the depths of the Aderklaaer Konglomerat, a natural hot water reservoir sitting 3,000 meters below Vienna’s surface, this initiative taps into geothermal energy — an inexhaustible, renewable source of heat. By 2028, this plant is expected to supply 20,000 households with eco-friendly district heating, a cornerstone in Vienna's mission to achieve a carbon-neutral heat supply by 2040.  

According to Berislav GaĆĄo, Executive Vice President for Energy at OMV, "With deep geothermal energy, we are reducing CO2 emissions and offering an energy solution for a sustainable future."  

But the real genius of the project lies in its closed-loop system. Here's how it works:  

1. Hot formation water is extracted from the reservoir.  

2. Its heat is transferred to the city’s district heating network.  

3. The cooled water is re-injected back into the reservoir, ensuring a sustainable cycle.  

This system guarantees a steady, year-round energy supply while minimizing environmental impact.  

Why Vienna’s Deep Geothermal Energy Matters  

Vienna is no stranger to innovation. From its mountain spring water pipelines to its Danube regulation projects, the city has a history of bold undertakings that shape its future. This geothermal plant is no exception.  

City Councilor Peter Hanke captured the essence of the project: “Just like the mountain spring water pipeline or the Danube regulation were in their times, the development of deep geothermal energy is a project of the future that will contribute to the quality of life in our city for well over a hundred years.”

But this isn’t just about energy. It’s about independence and resilience. The project strengthens Vienna’s energy supply security, reduces reliance on external sources, and enhances the city’s economic position.  

What’s Next?  

The drilling phase, expected to conclude by mid-2025, will include three critical wells:  

- A pilot well for testing,  

- A production wel to extract heat,  

- An injection well to maintain the reservoir.  

Once operational, this plant will serve as a blueprint for additional geothermal facilities, positioning Vienna as a global leader in geothermal energy innovation.  

A Vision for the Future  

This project is more than just an engineering feat; it’s a symbol of hope for cities worldwide grappling with the twin challenges of climate change and energy security. As Vienna taps into its underground resources, it offers a clear message: with vision, technology, and determination, a sustainable future is well within reach.  

Earlier on we reported on a Head of Terms agreement between two companies in the Australian Geothermal Market

The countdown to 2028 has begun, and all eyes are on Vienna as it boldly steps into a cleaner, greener tomorrow.  

Are you inspired by Vienna's journey toward carbon neutrality? Let us know your thoughts in the comments below!

Source:Alphaxioms Email Correspondence

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